5 April 2017

BULLION OUTLOOK FOR 05-06 APRIL 2017

BUY GOLD @
28890 SL 29000 TGT 29120-29280.

BUY SILVER @ 42400 SL 42100 TGT 42720-42880.

Gold:Gold is
trading into positive zone and traders can hold
long positions until Gold closes below 28691 levels. Traders
can initiate long positions on every dip until Gold closes
below 28691 levels.Gold
trading range for the day is 28842-29232. Technically now Gold is getting
support at 28929 and below same could see a test of 28842 level, And resistance
is now likely to be seen at 29124, a move above could see prices testing 29232.

R2

R1

S1

S2

TREND

GOLD

29050

28950

28800

28720

BULLISH

Silver:Silver is
trading into positive zone and traders can go long at every
dip or hold long positions until Silver closes below 42175
levels. Traders can go short once Silver Future closes below 42175
levels. Silver trading range for the day is 42191-43009. Technically
market is under fresh buying as market has witnessed gain in open interest by
0.16% to settled at 11735 while prices up 249 rupees, now Silver is getting
support at 42380 and below same could see a test of 42191 level, And resistance
is now likely to be seen at 42789, a move above could see prices testing 43009